Robert S. Murphy

Partner

Robert S. Murphy

Robert S. Murphy

Partner

Trusted by clients to be “very practical, very knowledgeable and good at thinking things through,” Rob brings a combination of commercial insight and practical know-how to his clients’ critical capital markets matters.
Client – Chambers Canada 2019

Rob advises clients on a broad range of transactions, including public and private offerings of equity and debt securities and structured products, asset acquisitions and divestitures, joint ventures, equity monetizations, corporate governance and loan financings.

Known for his expertise in securities law, Rob is regularly consulted by public companies – including mining and oil and gas companies – on disclosure issues and general commercial matters. He also acts for issuers and underwriters in major cross-border transactions and advises major U.S. investment banks on securities law compliance issues concerning Canadian offerings.

Rob is an adjunct professor at Osgoode Hall Law School. He is a former member of the Ontario Securities Commission’s Continuous Disclosure Advisory Committee and Small Business Advisory Committee.

Robert S. Murphy

Partner

Trusted by clients to be “very practical, very knowledgeable and good at thinking things through,” Rob brings a combination of commercial insight and practical know-how to his clients’ critical capital markets matters.
Client – Chambers Canada 2019

Rob advises clients on a broad range of transactions, including public and private offerings of equity and debt securities and structured products, asset acquisitions and divestitures, joint ventures, equity monetizations, corporate governance and loan financings.

Known for his expertise in securities law, Rob is regularly consulted by public companies – including mining and oil and gas companies – on disclosure issues and general commercial matters. He also acts for issuers and underwriters in major cross-border transactions and advises major U.S. investment banks on securities law compliance issues concerning Canadian offerings.

Rob is an adjunct professor at Osgoode Hall Law School. He is a former member of the Ontario Securities Commission’s Continuous Disclosure Advisory Committee and Small Business Advisory Committee.

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Birch Hill Equity Partners and Kicking Horse Capital

Acted for Birch Hill Equity Partners and Kicking Horse Capital in connection with their respective investments in Tidewater Midstream and Infrastructure Ltd. This private placement was held concurrently with a bought deal public offering by Tidewater, with gross proceeds to Tidewater from the two transactions of approximately $84 million.

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Metropolitan Life Insurance Company

Acted for Metropolitan Life Insurance Company, RBC Dominion Securities, Merrill Lynch Canada Inc. and CIBC World Markets Inc. in the Canadian private placement of $300 million of fixed-rate notes by Metropolitan Life Global Funding I, a special purpose statutory trust organized under Delaware law, secured by a funding agreements issued by Metropolitan Life Insurance Company.

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BofA Securities, Inc.

Acted for the initial purchasers, led by BofA Securities, Inc., in the Canadian private placement of C$500-million senior secured notes of Maxar Technologies Inc.

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The New York Life Insurance Company

Acted for The New York Life Insurance Company and New York Life Global Funding, a special purpose statutory trust organized under Delaware law, in the Canadian private placement of $150 million of fixed-rate notes by New York Life Global Funding secured by a funding agreement issued by The New York Life Insurance Company.

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Royal Bank of Canada

Acted for the underwriters led by Royal Bank of Canada in the inaugural green bond offering of C$5 billion by the Government of Canada.

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Pacific Life Insurance Company

Acted for Pacific Life Insurance Company in the Canadian private placement of $600 million of floating-rate notes by Pacific Life Global Funding II, a special purpose statutory trust organized under Delaware law, secured by a funding agreements issued by Pacific Life Insurance Company.

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Crombie REIT

Acted for a syndicate of underwriters, led by Scotia Capital Inc. and BMO Nesbitt Burns Inc. as joint bookrunners, in an offering of an aggregate of $200 million of trust units of Crombie REIT and Class B LP units of Crombie Limited Partnership exchangeable for trust units of Crombie.

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Metropolitan Life Insurance Company

Acted for Metropolitan Life Insurance Company, BMO Nesbitt Burns, RBC Dominion Securities, Scotia Capital and TD Securities in the Canadian private placement of $450 million of fixed-rate notes by Metropolitan Life Global Funding I, a special purpose statutory trust organized under Delaware law, secured by a funding agreements issued by Metropolitan Life Insurance Company.

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Agnico Eagle Mines Limited

Advised Agnico Eagle Mines Limited in its US$580-million subscription for shares in Minas de San Nicolas (MSN) (previously a wholly owned subsidiary of Teck Resources Limited), which owns the San Nicolas copper-zinc development project located in Zacatecas, Mexico. As a result of the transaction, Agnico Eagle and Teck will each own 50% of MSN. The proceeds of the subscription will be used by MSN to fund the first US$580 million of post-closing development and construction costs.

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Agnico Eagle Mines Limited

Acting for Agnico Eagle Mines Limited in its acquisition of a 35% interest in Green Star Royalties Ltd., a company focused on the origination of carbon sequestration projects and other green technology opportunities. In connection with its investment, Agnico was granted certain investor rights, including representation on Green Star's board and an ability to co-invest alongside Green Star in its future projects and investments.

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If It Ain’t Broke… Davies Comments on Draft Capital Markets Act

Feb. 25, 2022 - Davies has submitted a comprehensive comment letter on a new Capital Markets Act (CMA) proposed by the Ontario Ministry of Finance, on the recommendation of the Capital Markets Modernization Taskforce, to replace the Ontario Securities Act. Although some modifications to Ontario...

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Davies Highlights Concerns with Proposals to Modernize Ontario’s Capital Markets

Sept. 09, 2020 - Davies has submitted a comprehensive comment letter to the Capital Markets Modernization Taskforce (Taskforce) in response to the consultation report published by the Taskforce on July 9, 2020 (Report). The Taskforce was formed by the Ontario government in February 2020 with a mandate to review...

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At-the-Market Distributions Arrive in Canada

June 08, 2020 - Reporting issuers will soon be able to implement at-the-market (ATM) distributions without obtaining regulatory relief.1 Starting August 31, 2020, ATM distributions in Canada will no longer be subject to prescribed liquidity requirements or prescribed limits on aggregate distribution...

Bulletin
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COVID-19: Canadian Public Disclosure Considerations During the Pandemic

Mar. 23, 2020 - Canadian public issuers grappling with the impact of the COVID-19 pandemic on their businesses are rightly focusing on the health and safety of their workforce and customers, business continuity and risk management. However, while balancing these and the many other critical issues flowing from...

Bulletin
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CSA Proposes New At-the-Market Distribution Regime

May 16, 2019 - The Canadian Securities Administrators (CSA) recently published a notice and request for comment that proposes amendments (Proposed Amendments) to Part 9 of National Instrument 44-102 Shelf Distributions (NI 44-102). The Proposed Amendments, when adopted, will provide a new regime for...

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Chambers Global: The World’s Leading Lawyers for Business—Capital Markets: Debt and Equity

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Chambers Canada: Canada’s Leading Lawyers for Business—Capital Markets

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IFLR1000: The Guide to the World’s Leading Financial Law Firms—Capital Markets: Debt; Capital Markets: Equity; Mergers and Acquisitions

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Lexpert Special Edition: Energy

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Lexpert Special Edition: Finance and M&A

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Lexpert Special Edition: Mining

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The Canadian Legal Lexpert Directory—Corporate Commercial Law; Corporate Finance and Securities

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The Best Lawyers in Canada—Corporate Law; Mergers and Acquisitions Law; Mining Law

Bar Admissions
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Ontario, 1999

Education
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Queen’s University, LLB, 1996
Queen’s University, BA (Hons) (Economics), 1987

Community Involvement
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Ontario Securities Commission, Continuous Disclosure Advisory Committee, former member; Small Business Advisory Committee, former member

Teaching Engagements
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Rob is an adjunct professor at Osgoode Hall Law School, where he leads the securities law section of the Advanced Business Law Workshop.

Trusted by clients to be “very practical, very knowledgeable and good at thinking things through,” Rob brings a combination of commercial insight and practical know-how to his clients’ critical capital markets matters.
Client – Chambers Canada 2019

Rob advises clients on a broad range of transactions, including public and private offerings of equity and debt securities and structured products, asset acquisitions and divestitures, joint ventures, equity monetizations, corporate governance and loan financings.

Known for his expertise in securities law, Rob is regularly consulted by public companies – including mining and oil and gas companies – on disclosure issues and general commercial matters. He also acts for issuers and underwriters in major cross-border transactions and advises major U.S. investment banks on securities law compliance issues concerning Canadian offerings.

Rob is an adjunct professor at Osgoode Hall Law School. He is a former member of the Ontario Securities Commission’s Continuous Disclosure Advisory Committee and Small Business Advisory Committee.

Birch Hill Equity Partners and Kicking Horse Capital

Acted for Birch Hill Equity Partners and Kicking Horse Capital in connection with their respective investments in Tidewater Midstream and Infrastructure Ltd. This private placement was held concurrently with a bought deal public offering by Tidewater, with gross proceeds to Tidewater from the two transactions of approximately $84 million.

Metropolitan Life Insurance Company

Acted for Metropolitan Life Insurance Company, RBC Dominion Securities, Merrill Lynch Canada Inc. and CIBC World Markets Inc. in the Canadian private placement of $300 million of fixed-rate notes by Metropolitan Life Global Funding I, a special purpose statutory trust organized under Delaware law, secured by a funding agreements issued by Metropolitan Life Insurance Company.

BofA Securities, Inc.

Acted for the initial purchasers, led by BofA Securities, Inc., in the Canadian private placement of C$500-million senior secured notes of Maxar Technologies Inc.

The New York Life Insurance Company

Acted for The New York Life Insurance Company and New York Life Global Funding, a special purpose statutory trust organized under Delaware law, in the Canadian private placement of $150 million of fixed-rate notes by New York Life Global Funding secured by a funding agreement issued by The New York Life Insurance Company.

Royal Bank of Canada

Acted for the underwriters led by Royal Bank of Canada in the inaugural green bond offering of C$5 billion by the Government of Canada.

Pacific Life Insurance Company

Acted for Pacific Life Insurance Company in the Canadian private placement of $600 million of floating-rate notes by Pacific Life Global Funding II, a special purpose statutory trust organized under Delaware law, secured by a funding agreements issued by Pacific Life Insurance Company.

Crombie REIT

Acted for a syndicate of underwriters, led by Scotia Capital Inc. and BMO Nesbitt Burns Inc. as joint bookrunners, in an offering of an aggregate of $200 million of trust units of Crombie REIT and Class B LP units of Crombie Limited Partnership exchangeable for trust units of Crombie.

Metropolitan Life Insurance Company

Acted for Metropolitan Life Insurance Company, BMO Nesbitt Burns, RBC Dominion Securities, Scotia Capital and TD Securities in the Canadian private placement of $450 million of fixed-rate notes by Metropolitan Life Global Funding I, a special purpose statutory trust organized under Delaware law, secured by a funding agreements issued by Metropolitan Life Insurance Company.

Agnico Eagle Mines Limited

Advised Agnico Eagle Mines Limited in its US$580-million subscription for shares in Minas de San Nicolas (MSN) (previously a wholly owned subsidiary of Teck Resources Limited), which owns the San Nicolas copper-zinc development project located in Zacatecas, Mexico. As a result of the transaction, Agnico Eagle and Teck will each own 50% of MSN. The proceeds of the subscription will be used by MSN to fund the first US$580 million of post-closing development and construction costs.

Agnico Eagle Mines Limited

Acting for Agnico Eagle Mines Limited in its acquisition of a 35% interest in Green Star Royalties Ltd., a company focused on the origination of carbon sequestration projects and other green technology opportunities. In connection with its investment, Agnico was granted certain investor rights, including representation on Green Star's board and an ability to co-invest alongside Green Star in its future projects and investments.

Bulletin

If It Ain’t Broke… Davies Comments on Draft Capital Markets Act

Feb. 25, 2022 - Davies has submitted a comprehensive comment letter on a new Capital Markets Act (CMA) proposed by the Ontario Ministry of Finance, on the recommendation of the Capital Markets Modernization Taskforce, to replace the Ontario Securities Act. Although some modifications to Ontario...

Bulletin

At-the-Market Distributions Arrive in Canada

June 08, 2020 - Reporting issuers will soon be able to implement at-the-market (ATM) distributions without obtaining regulatory relief.1 Starting August 31, 2020, ATM distributions in Canada will no longer be subject to prescribed liquidity requirements or prescribed limits on aggregate distribution...

Bulletin

COVID-19: Canadian Public Disclosure Considerations During the Pandemic

Mar. 23, 2020 - Canadian public issuers grappling with the impact of the COVID-19 pandemic on their businesses are rightly focusing on the health and safety of their workforce and customers, business continuity and risk management. However, while balancing these and the many other critical issues flowing from...

Bulletin

CSA Proposes New At-the-Market Distribution Regime

May 16, 2019 - The Canadian Securities Administrators (CSA) recently published a notice and request for comment that proposes amendments (Proposed Amendments) to Part 9 of National Instrument 44-102 Shelf Distributions (NI 44-102). The Proposed Amendments, when adopted, will provide a new regime for...

Chambers Global: The World’s Leading Lawyers for Business—Capital Markets: Debt and Equity

Chambers Canada: Canada’s Leading Lawyers for Business—Capital Markets

IFLR1000: The Guide to the World’s Leading Financial Law Firms—Capital Markets: Debt; Capital Markets: Equity; Mergers and Acquisitions

Lexpert Special Edition: Energy

Lexpert Special Edition: Finance and M&A

Lexpert Special Edition: Mining

The Canadian Legal Lexpert Directory—Corporate Commercial Law; Corporate Finance and Securities

The Best Lawyers in Canada—Corporate Law; Mergers and Acquisitions Law; Mining Law

Bar Admissions

Ontario, 1999

Education

Queen’s University, LLB, 1996
Queen’s University, BA (Hons) (Economics), 1987

Community Involvement

Ontario Securities Commission, Continuous Disclosure Advisory Committee, former member; Small Business Advisory Committee, former member

Teaching Engagements

Rob is an adjunct professor at Osgoode Hall Law School, where he leads the securities law section of the Advanced Business Law Workshop.